-
Why German taxpayers should be forced to bail out Italians & Greeks
Whenever someone complains about German unwillingness to bail out the rest of Europe, and thus risk total disaster, someone invariably responds: But why should hardworking Germans bail out countries that borrowed too much and don't work as much? On the surface, it does seem kind of immoral to burden German taxpayers in this way, but actually there's a perfectly good answer. Since its inception, the Eurozone has been a gigantic German subsidy machine. This chart from the NYT shows it quite nicely: Since the common currency was formed, the German trade surplus surged. The trade deficit of everyone else widened Read ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Nov 20, 2011 9:28pm Nov 20, 2011 9:28pm
- torkay77
- | Joined Jul 2010 | Status: Member | 192 Comments
- Comment #2
- Quote
- Nov 20, 2011 10:12pm Nov 20, 2011 10:12pm
- Guest
- | IP XXX.XXX.173.34
- Comment #3
- Quote
- Nov 20, 2011 11:56pm Nov 20, 2011 11:56pm
- mima
- | Membership Revoked | Joined May 2008 | 966 Comments
The Market pays you to be disciplined
- Comment #4
- Quote
- Nov 21, 2011 1:54am Nov 21, 2011 1:54am
- rchrdfrncs
- | Joined Mar 2011 | Status: Member | 314 Comments
- Comment #5
- Quote
- Nov 21, 2011 2:00am Nov 21, 2011 2:00am
- AaronWard
- Joined Jun 2011 | Status: Chilling in Florida | 1387 Comments
- Comment #6
- Quote
- Nov 21, 2011 3:08am Nov 21, 2011 3:08am
- Wulfgar
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 203 Comments
- Comment #7
- Quote
- Nov 21, 2011 4:20am Nov 21, 2011 4:20am
- Pipo
- | Joined Aug 2006 | Status: Member | 20 Comments
- Comment #8
- Quote
- Nov 21, 2011 8:31am Nov 21, 2011 8:31am
- kwiblix
- | Joined Sep 2011 | Status: Member | 21 Comments
- Comment #9
- Quote
- Nov 21, 2011 8:48am Nov 21, 2011 8:48am
- spekitox
- | Joined Sep 2008 | Status: Lucky Man | 715 Comments
forget about tomorrow, just steal away into the night
- Comment #10
- Quote
- Nov 21, 2011 8:59am Nov 21, 2011 8:59am
- ThisPip
- | Joined Oct 2011 | Status: Member | 221 Comments
- Comment #11
- Quote
- Nov 21, 2011 9:18am Nov 21, 2011 9:18am
- spekitox
- | Joined Sep 2008 | Status: Lucky Man | 715 Comments
forget about tomorrow, just steal away into the night
- Comment #12
- Quote
- Edited 6:11pm Nov 21, 2011 4:05pm | Edited 6:11pm
- Stitch961
- | Joined Apr 2007 | Status: Member | 37 Comments
Hej.